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816 Crescent Hill Rd
Nashville, TN

816 Crescent Hill Rd

$495,000
3 bd • 2 ba • 1,217 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$495,000

Price/Sq.Ft

$407

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property at 816 Crescent Hill Rd offers a competitive price point at $406.74/sqft, which is 13.5% below the Nashville average of $470/sqft for similar homes. The 3-bedroom, 2-bathroom layout in 1,217 sqft provides efficient use of space, ideal for small families or as an investment property. Located in the desirable 37206 zip code, it's part of East Nashville, known for its vibrant community and proximity to downtown (approximately 3 miles). The front porch adds charm and usable outdoor space, enhancing the property's curb appeal. Recent comps suggest the area has seen approximately 5-7% annual appreciation over the past 3 years, outperforming the broader Nashville market average of 4.5%.

The Bad

The property's age is unknown, which raises concerns about potential hidden maintenance issues and outdated systems. No specific features or recent upgrades are listed, suggesting possible need for modernization. At 1,217 sqft, it's about 15% smaller than the average 3-bedroom home in Nashville (typically around 1,400-1,500 sqft). The lack of a garage may be a drawback for some buyers, potentially impacting resale value. Property taxes in Davidson County are relatively high, estimated at around $3,500-$4,000 annually for a home of this value, which should be factored into the total cost of ownership.

The Ugly

The absence of detailed property information is concerning, particularly regarding the year built and any recent renovations or system upgrades. This lack of transparency could indicate significant deferred maintenance or outdated major systems (HVAC, roof, plumbing, electrical) that may require substantial investment in the near future. Given Nashville's rapid growth and gentrification, especially in East Nashville, there's a risk of over-improvement relative to neighborhood comps, potentially limiting future appreciation. The property's location on Crescent Hill Road may expose it to higher traffic noise, which could affect quality of life and resale value. Additionally, with Nashville's known flooding issues, the flood risk for this specific property needs to be carefully assessed, as flood insurance could significantly increase the total cost of ownership if required.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for first-time homebuyers or investors looking for an entry point into the Nashville market. With a median income of $72,446 in the area, it's accessible to households earning around $100,000-$120,000 annually (based on a 28% front-end DTI ratio). It's ideal for young professionals or small families prioritizing location over space, who value the vibrant East Nashville community and proximity to downtown amenities. Investors could expect a potential gross rental yield of around 7-8% based on the local three-bedroom rental rate of $1,758/month, making it attractive for long-term buy-and-hold strategies.

Not For

This property is not suitable for larger families needing more than 3 bedrooms or over 1,500 sqft of living space. It's also not ideal for buyers seeking a move-in ready, fully updated home with modern amenities, as the lack of listed features suggests potential need for upgrades. Luxury buyers or those requiring high-end finishes would likely find the property lacking. Additionally, it may not be appropriate for individuals with mobility issues, as the presence of a second floor (indicated by the dormer window) suggests stairs, and there's no mention of accessibility features.
Demographics
Area Median Income

$72,446

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Risk Assessment

Risk Analysis

1. Unknown age and condition of major systems (HVAC, roof, plumbing, electrical) could lead to unexpected and costly repairs. 2. Potential for over-improvement in a rapidly gentrifying area, which could cap appreciation potential. 3. Flood risk assessment is crucial, as parts of Nashville are prone to flooding, potentially requiring expensive flood insurance. 4. Traffic noise from Crescent Hill Road could impact livability and future resale value. 5. Lack of a garage in an area where most comparable homes likely have one could affect long-term value appreciation. 6. Potential for increased property taxes as Nashville continues to grow and reassess property values. 7. The smaller size (1,217 sqft) compared to average 3-bedroom homes in the area may limit the buyer pool in future resales. 8. Rapid market changes in Nashville could lead to a correction, potentially impacting short to medium-term appreciation.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$537,417

8.6% above list price

Median Price

$500,000

Based on 6 recent sales

Price per Sq.Ft

$475

Comparable Properties

955 Dalebrook Ln, Nashville, TN 37206
Price: $500,000
Sq.Ft: 1,134
Beds/Baths: 3/2
$/Sq.Ft:
$4418.4%
Sale Date: 11/12/2024
2616 Pennington Ave, Nashville, TN 37216
Price: $500,000
Sq.Ft: 1,000
Beds/Baths: 3/2
$/Sq.Ft:
$50022.9%
Sale Date: 12/2/2024
1919 Russell St, Nashville, TN 37206
Price: $675,500
Sq.Ft: 1,064
Beds/Baths: 2/2
$/Sq.Ft:
$63556.1%
Sale Date: 11/8/2024
2609 Colbert Dr, Nashville, TN 37206
Price: $400,000
Sq.Ft: 1,106
Beds/Baths: 3/2
$/Sq.Ft:
$36211.1%
Sale Date: 10/18/2024
207 Fall St, Nashville, TN 37206
Price: $650,000
Sq.Ft: 1,287
Beds/Baths: 2/2
$/Sq.Ft:
$50524.2%
Sale Date: 9/18/2024
1401 Harwood Dr, Nashville, TN 37206
Price: $499,000
Sq.Ft: 1,221
Beds/Baths: 3/2
$/Sq.Ft:
$4090.5%
Sale Date: 8/22/2024

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